Divestment of Maersk Data (DK) by A.P. Møller – Maersk (DK) to IBM (US) — Amount not disclosed.

Carnegie acted as sole financial adviser to A.P. Møller – Maersk in the divestment of Maersk Data to IBM. Included in the divestment is Maersk Data’s shareholding of 45 per cent in the IT operations and facility management company DMdata. The Maersk Data Group is the largest Danish owned IT services company.November, 2004.